Job Description

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role ofFund Administration Processor

6 Months Contract - FTC role

In this role, you will:

• Responsible for Trade capture, exception management and service routing of trades to downstream systems along with adding and settlement of cash transactions. Trade Instructions are either received STP through BVI or uploaded manually or through Macros/EUC’s to accounting for instructions received in generic mailboxes from Client/FM’s. Diagnostics reports are run which include investigation, handling any exceptions and query resolution within the PLA turnaround time.
• The services include sending Asset setup to Static Team and resolving queries received in Vortex/ TLM (Reconciliation platform). Cash transactions are specific journals including expenses, fees, monthly interest & FXs. Instructions are received from Internal teams, Clients, Brokers, Fund Managers, Transfer Agency and Custodians. The Team is also responsible for timely Cash Monitoring, Input of Journals, re-imbursement and payments, monitoring balances and writing off of small residual balances. The Team is also responsible for timely Cash exception (cash reconciliation) handling, Input of Journals, re-imbursement and payments, monitoring balances and writing off of small residual balances.
• The individual will have to ensure accurate completion of all the activities of the assigned funds within the set time limit and ensure that the fund is delivered to the stakeholders within the PLA. Demonstrate flexibility to manage and undertake operations in shifts and respond to additional business needs in such a manner which is efficient with such shifts, if required.
• Demonstrate flexibility to adopt in different working environments with counterparts across the globe. Role will be of individual contributor nature and will not have team reporting to the role. The role will operate within the orbit of the Investment Operations/ German FA’s strategic plan. The jobholder will be responsible for continually reassessing the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
• This will be achieved by meticulously ensuring all actions take account of the likelihood of operational risk occurring. Also, by strategically addressing any areas of concern in conjunction with line management and/or the appropriate department. The jobholder will also observe and demonstrate adherence to internal controls. This will be achieved by observing all relevant procedures, keeping appropriate records and, where appropriate, by ensuring the timely implementation of internal and external audit points, including issues raised by external regulators.
• This will be achieved by observing all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity to achieve the first mover’s advantage. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimizing relations with regulators.
• Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’
• Role shall embrace all relevant financial services laws, rules and codes with which the business has to comply and take a continuous note of the same.

To be successful, you will:

• Bachelor’s degree in accounting or other qualifications relevant to the accounting/finance industry. 0-2 years of relevant/accounting work experience.
• Good knowledge of Capital Markets and Financial instruments. Basic knowledge in accounting principles and fundamentals of accounting.
• Proficiency in one or more accounting platforms – ICON, SimCorp Dimension, Transaction Lifecycle Management, Vortex. Proficiency in EXCEL essential.
• Knowledge in investment accounting, investment valuations, mutual funds, etc.

• Ability to re-prioritize workloads due to changing circumstances; meet strict deadlines.
• Will be expected to maintain HSBC internal control standards, including the timely implementation of internal and external audit points, together with any issues raised by external regulators.
• Excellent customer service and communication skills.
• Possess good analytical and problem-solving skills.

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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